Mansfield's Covidien Buying Medical Company

Covidien in Mansfield buying California medical company.

Mansfield's Covidien announced on Sunday that they will be purchasing a medical  technology company.

The company, CV Ingenuity,  provides treatment for peripheral artial disease caused by blood vessel abnormalities.

The company, based in Fremont California, has been working on a drug-coated balloon  platform that used a rapid release systems.

"CV Ingenuity offers a robust DCB portfolio, and offering a DCB technology is something that we believe is necessary to continue to improve care for patients suffering from PAD, as well as ensuring we are a full line partner with our customers today and into the future," said Stacy Enxing Seng, president of Covidien Vascular Therapies.

Covidien said in a statement Food and Drug Administration approval will likely come for the treatment method in 2017.

Covidien also stated that they will be spending over $50 million in the next two years to finance development.


More »
Got a question? Something on your mind? Talk to your community, directly.
Note Article
Just a short thought to get the word out quickly about anything in your neighborhood.
Share something with your neighbors.What's on your mind?What's on your mind?Make an announcement, speak your mind, or sell somethingPost something
See more »